Bitcoin: Are We Back?

Yesterday, Monday 4th May, Bitcoin finally broke out of a long term bearish pattern. We had been ranging within a bear flag, on the daily chart, since the low of $60,000 from early February. Previously, every time price tested upper resistance of this range, around $80,000, it rejected, and retraced. We have now broken through that level and, for the first time, looking like we might have some underlying support, pointing to further upside (current price $81,000). A couple of closing candles on the daily will confirm the move, with $85,000 being the next target zone.

But does this mean Bitcoin is back, and the end of the bear market?